Lincoln Minerals has commenced an exploration program at its Yallunda uranium project on South Australia’s Eyre Peninsula.
A field reconnaissance and sampling program will focus on a 7km surface uranium anomaly identified using historical geophysical and geochemical data generated by Eyre Iron in 2011. Readings exceeding 150ppm uranium equivalent were found at the anomaly.
Soil, calcrete, and rock-chip sampling will be carried out along the trend, with results expected in November. These results will guide site selection for a follow-up gravity geophysical survey.
Lincoln Minerals said the integration of modern technological processes with historic datasets will be key to unlocking the uranium potential of the area.
The Yallunda project is located along the Kalinjala shear zone, which hosts magnetite deposits and the Kookaburra graphite deposit.
This geological setting, combined with uraniferous granites, creates favourable conditions for uranium mineralisation.
The upcoming exploration results could provide valuable insights for investors, with the potential for significant discoveries in a region that has been historically under-explored for uranium.
It was back in April this year when Lincoln Minerals announced it had undertaken a review of the uranium prospectivity of the Eyre Peninsula, revisiting the company’s previously identified uranium targets generated during exploration between 2007–2011.
Lincoln’s upcoming exploration program at Yallunda will focus on areas southwest of Carinya and White Flat, prioritising known airborne trends.
In addition to uranium exploration, Lincoln’s graphite pre-feasibility study is ahead of schedule and expected to be completed in October.
Subscribe to Australian Resources & Investment and receive the latest news on commodity prices, resource developments, executive movements and more.